Oatly Group AB Sponsored ADR (NASDAQ:OTLY) Given Average Rating of "Moderate Buy" by Brokerages

Shares of Oatly Group AB Sponsored ADR (NASDAQ:OTLY - Get Free Report) have been assigned an average rating of "Moderate Buy" from the six ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $16.80.

OTLY has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Oatly Group from a "hold" rating to a "sell" rating in a research note on Saturday, June 14th. Piper Sandler cut their target price on Oatly Group from $16.00 to $12.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. DA Davidson upped their price objective on Oatly Group from $15.00 to $17.00 and gave the company a "buy" rating in a report on Monday, May 5th. Mizuho set a $24.00 target price on Oatly Group in a report on Monday, April 28th. Finally, Barclays reiterated an "overweight" rating on shares of Oatly Group in a research report on Thursday, May 1st.

Hedge Funds Weigh In On Oatly Group

A number of institutional investors have recently modified their holdings of OTLY. Van ECK Associates Corp grew its stake in shares of Oatly Group by 60.6% in the fourth quarter. Van ECK Associates Corp now owns 56,689 shares of the company's stock worth $38,000 after acquiring an additional 21,387 shares during the last quarter. Two Sigma Advisers LP acquired a new stake in Oatly Group in the 4th quarter worth $41,000. Rhumbline Advisers increased its holdings in shares of Oatly Group by 76.1% during the 4th quarter. Rhumbline Advisers now owns 63,477 shares of the company's stock worth $42,000 after purchasing an additional 27,428 shares during the period. Geode Capital Management LLC increased its holdings in shares of Oatly Group by 463.2% during the 4th quarter. Geode Capital Management LLC now owns 94,353 shares of the company's stock worth $63,000 after purchasing an additional 77,600 shares during the period. Finally, Two Sigma Investments LP raised its position in shares of Oatly Group by 279.6% during the fourth quarter. Two Sigma Investments LP now owns 144,348 shares of the company's stock valued at $96,000 after buying an additional 106,319 shares during the last quarter. Institutional investors own 68.15% of the company's stock.

Oatly Group Stock Performance

OTLY stock traded up $0.03 during trading on Tuesday, hitting $12.78. 69,579 shares of the company's stock traded hands, compared to its average volume of 147,848. The stock has a market capitalization of $382.51 million, a price-to-earnings ratio of -2.24 and a beta of 1.89. Oatly Group has a 52 week low of $6.00 and a 52 week high of $23.40. The stock has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $10.97. The company has a quick ratio of 0.40, a current ratio of 0.53 and a debt-to-equity ratio of 1.20.

Oatly Group (NASDAQ:OTLY - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported ($0.51) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.96) by $0.45. Oatly Group had a negative return on equity of 66.51% and a negative net margin of 20.51%. The business had revenue of $197.53 million during the quarter, compared to analyst estimates of $199.97 million. As a group, equities analysts anticipate that Oatly Group will post -3.2 EPS for the current fiscal year.

About Oatly Group

Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Europe, the Middle East, Africa, the Americas, and Asia. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; cooking products, including cooking cream, in regular and organic, Crème Fraiche, whipping cream, vanilla custard, and spreads in a variety of flavors; and ready-to-go drinks.